Many graduates attend college, pay exorbitant amounts to acquire knowledge to leave college and for the next 5-15 yrs. struggle to pay it back. It’s their hope to be able to get specialized jobs and create the lifestyle that says “we’ve got plenty and we’re happy”. However, little do these students know about the accumulation of knowledge in relation to the ability to create a wealthy lifestyle and command of life. Let me explain 5 secrets of wealth and share how men like Thomas Edison, with little institutional knowledge, by masterminding, created great wealth.
1. That secrets did uneducated Edison possess that the typical college student may need to know? Educational institutions teach students accumulative knowledge. Turning that knowledge into money is where these institutions may fall short.
2. THERE are two kinds of knowledge. One is general, the other is specialized. General knowledge, no matter how great in quantity or variety it may be, is of but little use in the accumulation of money. Knowledge is only potential power. It will not attract money, unless it is organized, and intelligently directed, through practical PLANS OF ACTION, to the DEFINITE END of accumulation of money.
3. This “missing link” in all systems of education known to civilization today, may be found in the failure of educational institutions to teach their students HOW TO ORGANIZE AND USE KNOWLEDGE AFTER THEY ACQUIRE IT. Henry Ford, replying to questions by an attorney said, “Let me remind you that I have a row of electric push-buttons on my desk, and by pushing the right button, I can summon to my aid men who can answer ANY question I desire to ask concerning the business to which I am devoting most of my efforts .”
4. Through the assistance of his “Master Mind” group, Henry Ford had at his command all the specialized knowledge he needed to enable him to become one of the wealthiest men in America. It was not essential that he have this knowledge in his own mind. The typical college graduate is promised a job. That is all. A leader like Thomas Edison, knew how to leverage other peoples knowledge to create great wealth.
5. If you are a college student hoping to make it in life, look at your major purpose in life, the goal toward which you are working, and this will help determine what knowledge you need. With this question settled, your next move requires that you have accurate information concerning dependable sources of knowledge. To create great wealth, you may need much more specialized knowledge than you have the ability or the inclination to acquire. If this should be true, you may bridge your weakness through the aid of your own “Master Mind” group.
As knowledge is acquired it must be organized and put into use, for a definite purpose, through practical plans. Knowledge has no value except that which can be gained from its application toward some worthy end. Masterminding is the best way to accumulate the exhaustive knowledge to do great things. Considering this while in college, you may find others who have these skills. Start making connections while in school. You can do great things in life. Masterminding is the secret to get wealth!